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the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there. >>> now to the pink slips at citigroup. the company is slashing 11,000 jobs worldwide. about 4% of its work force. more than half of those cuts will come from consumer banking. and they're aimed at saving $900 billion next year alone. investors were apparently pleased. because citi stocks shot up more than 6%. >>> the world's biggest coffee chain is about to get even bigger. starbuck's is planning to add 1,500 cafes across the country over the next five years and another 1,500 in canada and latin america. the company has big expansion plans in china. there are currently more than 18,000 starbuck's around the globe. they're now c
the issue of course has the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there....
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that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these relationships are lesser. i think we've evolved to a point this country where we accept gay and lesbian people as equal and say their relationships in the federal law are lesser than we're saying they're lesser. >> how it fits with the immigration debate as well. >> certainly. it's presently worth noting that bill clinton should maybe take a page from the joe biden playbook because he after all is the person we have to thank -- >> the joe biden playbook. >> and taking a page from it. >> thank you to ari, joy and frank for joining me today. that is all for us here at "now." see you back tomorrow at noon eastern, 9:00 a.m. pa
that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these...
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president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seattle space needl needle. recreational marijuana use became legal. washington and colorado became the first
president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and...
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. >> so, is this a question we should be asking the obama administration about syria? >> well, you remember, randi, that president clinton was really angry with me when i was asking that question. the fact of the matter is the question didn't prompt intervention, but there was intervention more than a year later and it stopped the war and the president enacted a peace settlement and the war stopped and peace still endures in bosnia. and i think the issue with syria raises some very important questions. president clinton himself just earlier this year said that the longer it goes without being stopped, the bigger the chance of bad actors getting involved and that is precisely what's happened, randi. that is one more reason that the administration is reluctant to intervene because now it's not just the ordinary rebellion that it started out as with people demanding reform, it is now being joined by all sorts of jihadests and extremists and al qaeda-type affiliates and this is what is really worrying the united states and the region. but this is, if you like a self-fulfil
. >> so, is this a question we should be asking the obama administration about syria? >> well, you remember, randi, that president clinton was really angry with me when i was asking that question. the fact of the matter is the question didn't prompt intervention, but there was intervention more than a year later and it stopped the war and the president enacted a peace settlement and the war stopped and peace still endures in bosnia. and i think the issue with syria raises some very...
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what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks
what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in...
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the obama administration is signaling it may step in and actively enforce federal drug laws which still outlaw smoking marijuana. and that could create very tricky political balancing act for president obama himself. john avlon is "outfront" on this story right now. this is a tightrope for the president, john. >> it is. it's fascinating. a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support legalizing marijuana. but here's where it gets politically interesting. when you break it down by party i.d., 58% of democrats and independents support legalizing marijuana. clear majority. only 31% of republicans do, however. so it's a fascinating shift where liberals and independents are saying, look. states rights at least on this issue. more individual liberty. and republicans are being more traditionalist about their attitudes. final point, this poll makes very clear it's a generational shift. just a second ago you were talking about the evolution of this issue of same-sex marriage. same thing with marijuana legal
the obama administration is signaling it may step in and actively enforce federal drug laws which still outlaw smoking marijuana. and that could create very tricky political balancing act for president obama himself. john avlon is "outfront" on this story right now. this is a tightrope for the president, john. >> it is. it's fascinating. a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support...
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bill: you mentioned the obama administration. how are they reacting? was is our response? >> our response tends to look first to the yate united nation. there is talk of proportional sanctions being considered at the security council should north korea test. but it's clear that is not going to change the trajectory of north korea's per suit of a nuclear program. bill: steven yates, thank you. we are watching this, sometime we believe in the coming days to 10 days. here's martha. martha: $120 million to develop the next electric car battery. it's not an independent venture. you are paying for it. the u.s. taxpayer. we'll tell you about the government's latest gamble with your money. bill: one man' home survived superstorm sandy. but it did not make it through the recovery. >> the township didn't know what happened. i called the governor' office and she said to me, are you sure your house is gone? i said, miss, you miss place a pen or pencil, you don't miss place a house. ♪ i wish my patits could see what i see. ♪ that over time, having high cholesterol and any of thesri
bill: you mentioned the obama administration. how are they reacting? was is our response? >> our response tends to look first to the yate united nation. there is talk of proportional sanctions being considered at the security council should north korea test. but it's clear that is not going to change the trajectory of north korea's per suit of a nuclear program. bill: steven yates, thank you. we are watching this, sometime we believe in the coming days to 10 days. here's martha. martha:...
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revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, i feel like we end up in a situation where all you doe is keep cutting taxes. you start to have a revenue problem. you give a payroll tax, you don't want to tack it away. you keep giving out things and never take them back. >> well, that's the same thing we do on the spending side. >> all those agencies -- is now st
revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies....
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>> well, that's the big -- that's part of the reason why the obama administration has done in the views of many so little toward getting president assad out, and that's because they are just really afraid. syria looks -- syria would be so much worse. you saw the break-up of iraq after the united states invasion in 2003. syria would be that times 10. and there's a lot of worry about what are you going to do with that? you have a worry about the slaughter of the allies in the mountains. you have to worry about just this whole break-up and who would govern this region that is so, so -- this country that is so critical for the whole region. but i do think, though, that chemical weapons would be sort of -- that -- i think for the obama administration, that's a line that they would have trouble defending their passivity so far if assad crossed. that's a hard one. it's hard for me to imagine them not doing anything. >> but given that they haven't really done very much over the past 21 months, and they haven't done very much at all, it's not implausible that they would not do the clar tiff thin
>> well, that's the big -- that's part of the reason why the obama administration has done in the views of many so little toward getting president assad out, and that's because they are just really afraid. syria looks -- syria would be so much worse. you saw the break-up of iraq after the united states invasion in 2003. syria would be that times 10. and there's a lot of worry about what are you going to do with that? you have a worry about the slaughter of the allies in the mountains. you...
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., the obama administration, nato obviously very concerned about the regime of the president potentially using chemical weapons, poison gas, against its own people. here's the question. what's the difference killing civilians in syria with bombs from mig jet fighters or attack helicopters as opposed to let's say poison gas? or chemical warfare? >> well, that's a good question. in one sense, in moral terms, there is no difference. almost 40,000 people have died in syria already. but the use of chemical weapons and poison gas, i think the fa val valueties would be very much greater. it does kind of cross a line. these aren't judgments that you can make in any particularly scientific way. but i think what your administration, part of the international community is signaling to the president is if you cross that line, it will be a sharp and strong reaction. >> and those were tough words coming from president obama yesterday from secretary hillary clinton from the nato secretary general today in brussels. is that enough to prevent using poison gas or chemical warfare? or just threats, shall w
., the obama administration, nato obviously very concerned about the regime of the president potentially using chemical weapons, poison gas, against its own people. here's the question. what's the difference killing civilians in syria with bombs from mig jet fighters or attack helicopters as opposed to let's say poison gas? or chemical warfare? >> well, that's a good question. in one sense, in moral terms, there is no difference. almost 40,000 people have died in syria already. but the...
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revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that
revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective...
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these days, the last thing the obama administration wants to do is go into iraq. in terms of will syria actually use them? i don't think we have any idea. what we do know, is they're not useful militarily. they're helpful in an negotiation, about getting them out. it's hard to see how they advance his cause. >> assad would face complete obliteration if he does this. and some say he wants asylum in venezuela or whatever. he's not a stupid man. why would he risk the wrath of the world ascending on him? >> it's hard to see how this advances his cause, except as part of the negotiation. if you're trying to get a better deal for your family, then, maybe it's useful. >> would this create an internal coup, with his background? i don't know how sane he is or not, and what he's done. he's killing his own people. he's butchering his own people. when do the colonels come after him, to use a latin phrase? >> i don't think that happens. if anything, i think assad may be a prisoner of his security establishment. i don't think he will be pushed aside by his aides. >> when do the
these days, the last thing the obama administration wants to do is go into iraq. in terms of will syria actually use them? i don't think we have any idea. what we do know, is they're not useful militarily. they're helpful in an negotiation, about getting them out. it's hard to see how they advance his cause. >> assad would face complete obliteration if he does this. and some say he wants asylum in venezuela or whatever. he's not a stupid man. why would he risk the wrath of the world...
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i think the obama administration, the justice department are trying to figure it out because what happened on election day was in washington and colorado it became the first two states in the country and actually the first two political jurisdictions anywhere in the world to decide to legally regulate marijuana like alcohol, so the feds have to figure this out. >> a little like alcohol. i can buy as many bottles of beer as i want. i can only have an ounce of marijuana in washington and in colorado, right? >> that's right. it's important to say, by the way, that what's going to happen this week in washington state and next month in colorado is just going to make it legal to possess up to an ounce in the privacy of your home. you can't go out smoking in public, all this sort of thing. the part -- >> you have to stay in your home really? >> yes. washington is going to be private. not puffing down the street. this is going to be fairly subtle. the part of the laws that say that washington and colorado state governments should set up a legal regulatory system like with alcohol, those don't ente
i think the obama administration, the justice department are trying to figure it out because what happened on election day was in washington and colorado it became the first two states in the country and actually the first two political jurisdictions anywhere in the world to decide to legally regulate marijuana like alcohol, so the feds have to figure this out. >> a little like alcohol. i can buy as many bottles of beer as i want. i can only have an ounce of marijuana in washington and in...
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and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the pivot point of this entire problem. 70% of our use of petroleum in this country is for transportation. transportation is fueled about 93% of the time by petroleum. if you want to reduce the united states' dependence on imported petroleum and the related geopolitical issues, particularly in an issue when rising demand is creating a potential conflict for these resources, then you have to recognize transportation has to be diversified away from petroleum or the prices are set on the world market. canada and norway have been net petroleum exporters
and were increased by the obama administration. the report is not political in any way shape or form. it endorses things that are supported by the right in some cases and that are supported by people on the left. you cannot just take the parts that you like. you have to take the holistic approach, to maximize u.s. production and to reduce consumption partly by diversifying our transportation sector away from petroleum. the last thing i will say is that petroleum use in transportation is the...
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joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an incredibly popular position. it's important for republicans to know that the white house is not going to accept any kind of a deal. that's the point he was trying to make. i think all the leverage now is with the democrats, with the president. the american public is on his side. i think it's important for the republicans not to think that they can just get any kind of deal out of him because if they do go over
joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a...
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administration will begin an all-out drive for comprehensive immigration reform, including seeking a path to citizenship for 11 million illegal immigrants. we will see then where the repub lip cans are. what do you hope to see in the immigration reform if it is real and meaningful to bring us toward a better place in the country, mr. mayor? >> my hope is that comprehensive immigration reform will be just that. it's going to be comprehensive. it's going to include additional mushes that we secure our borders. it's going to include ways to work with employers so that we ensure that fewer employers hire folks who are here undocumented. and, third u it's going to include a pathway to citizenship, to full citizenship, for the 11 or 12 million folks who are here who are undocumented, illegal, whatever term folks want to use. who i believe should be addre addressed and we've heard in the last couple of weeks, some heartburn among republicans who are now just starting to consider the idea of comprehensive immigration reform as to whether they want to actually allow folks to become full-fleje
administration will begin an all-out drive for comprehensive immigration reform, including seeking a path to citizenship for 11 million illegal immigrants. we will see then where the repub lip cans are. what do you hope to see in the immigration reform if it is real and meaningful to bring us toward a better place in the country, mr. mayor? >> my hope is that comprehensive immigration reform will be just that. it's going to be comprehensive. it's going to include additional mushes that we...
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administration? what gig would it be? and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teache
administration? what gig would it be? and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas....
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administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this historic? >> we're going in the right direction. we're not creating as many jobs as we need for the population growth, but it's astonishing we're recovering the way we are and if the republicans would stop creating the uncertainty, remember the uncertainty by not making a deal, we'd see the numbers improving very dramatically. let me ask in terms of the stability. these are numbers. does it look historic? it doesn't. but when we were down here, we were on the verge of tipping over. our whole economic situation, our financial situation
administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this...
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melissa has the former obama administration official. that's melissa harris-perry coming up next. we'll see you next week here on "up." and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your mont
melissa has the former obama administration official. that's melissa harris-perry coming up next. we'll see you next week here on "up." and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ maybe you want to incorporate a business. or protect your...
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the rebels are making significant gains on damascus itself, and there are fears within the obama administration that president assad may be on the verge of panicking because he looks like he's becoming desperate. over the past couple of days intelligence sources reported that somebody in the regime had told the chemical weapons corps to be prepared. at the same time there was a flurry of renewed activity at a number of the chemical wep sites in and around the damascus area indicating to u.s. officials that it appeared at least the syrians were at least preparing to get ready to mix the precursor chemicals that would enable it to weaponize the artillery shells with deadly nerve gas. i can tell you today despite all these warning signs, tamron, u.s. officials are reporting, number one, that there's still no sign that these precursor chemicals have been moved. number two, there has been no sign that any of them have been weaponized, the artillery shells, and three, it looks like at least that people are just in the preparation stage just in case there should be an order to resort to chemical weapo
the rebels are making significant gains on damascus itself, and there are fears within the obama administration that president assad may be on the verge of panicking because he looks like he's becoming desperate. over the past couple of days intelligence sources reported that somebody in the regime had told the chemical weapons corps to be prepared. at the same time there was a flurry of renewed activity at a number of the chemical wep sites in and around the damascus area indicating to u.s....
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they are worried because the obama administration is behind, and further extending the protection of minorities forward and they want to see washington, dc, really, putting more pressure on the morsi government. >> the rights of the christian minority does not look like they are being addressed the way we would like. the dialogue that the state department has entered in with the egyptian government since the revolution, that needs to continue. >>reporter: we have more details on the meetings and the christian community here in the united states. you can find more on foxnews.com with details and the fate of these christians looks grim and we expect more seeking asylum in the united states. health thank you, dominic, from los angeles. >>gregg: rebound and house of representatives speaker boehner meet at white house today to discuss the looming fiscal cliff, there is new insight about who american thing should receive the most blame if lawmakers fail to reach a deal. according to the new "washington post" poll, this is a "washington post" poll, a majority of americans say they would hol
they are worried because the obama administration is behind, and further extending the protection of minorities forward and they want to see washington, dc, really, putting more pressure on the morsi government. >> the rights of the christian minority does not look like they are being addressed the way we would like. the dialogue that the state department has entered in with the egyptian government since the revolution, that needs to continue. >>reporter: we have more details on the...
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administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars
administration gave the producers certain access. thanks for joining us. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram....
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. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. >> reporter: not really. even though the two sides are talking, they aren't making much progress. remember that phone call between the president and the speaker a couple days ago? >> the phone call was pleasant. but it was just more of the same. >> reporter: and that's the problem. it is now down to these two men, deal or no deal. the republican speaker and the president. with an election win at his back, the white house says the president won't budge on two points. higher
. >> reporter: they're using the jobs report right now, the obama administration. a little more fuel. and we are talking about two men now. it comes down to these two guys and a lot of jobs on the line. possible hiring freezes, furloughs if we go over the cliff. now, working for the cuts they will make if we do actually go over the cliff. a diner, middle-class taxpayers and the vice president, telling republicans a deal to extend tax cuts for all but the wealthy is easy. >> the...
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economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on its surface. digging in the numbers. look at the right side on that graphic, 14.4% underemploy
economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans...